Sell ​​AMZN? Why This Expert Thinks Amazon Is Still Overpriced

Amazon (AMZN) – Get a free report the stock peaked throughout the pandemic and fell back to pre-pandemic levels. That should indicate that the stock is cheap and will soon find its way back up, right? Well, not according to this analyst.

Seeking Alpha contributor “Tradevestor” compared the last time Amazon shares traded at $88, in 2019, to the current scenario. The author believes that the market conditions that allowed the stock to climb to its peak during the 2020-2021 shutdowns are very different from those the company faces today. Here’s why.

Leave a Reply